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. >> but if the u.s. economy was to suffer the downside risk of not reaching a comprehensive deal, then growth would be zero. >> a lot of time, our politicians they we don't know what will happen, this and that, and the energy needs, emerging democracies, industrialized nations, et cetera, what do you think is the biggest threat from the outside to the u.s. economy? >> the fiscal cliff. >> well, first of all, i think there are issues that are beginning to improve, and you know, whether you look at the euro zone, making progress, but certainly improving, and with good numbers, because if you look at the aggregate euro zone deficit or debt, those numbers are better. china's numbers have improved lately, and you have political stability back. so the volatility of the instability factors that are outside have reduced overtime. the real threat that we have is here, with us, and that can be addressed. >> but when you look at -- i understand that bangs being downsides our down afraided, you have more than 11% un
. >> but if the u.s. economy was to suffer the downside risk of not reaching a comprehensive deal, then growth would be zero. >> a lot of time, our politicians they we don't know what will happen, this and that, and the energy needs, emerging democracies, industrialized nations, et cetera, what do you think is the biggest threat from the outside to the u.s. economy? >> the fiscal cliff. >> well, first of all, i think there are issues that are beginning to improve, and...
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Dec 1, 2012
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later, we will hear from the president of the european parliament on the eu and u.s. partnership. >> this morning, robert van order talks about the forgiveness of the mortgage debt relief act. then, we will look at the preparations for the 113th congress chris bradford stitch -- with bradford fitch. later, the
later, we will hear from the president of the european parliament on the eu and u.s. partnership. >> this morning, robert van order talks about the forgiveness of the mortgage debt relief act. then, we will look at the preparations for the 113th congress chris bradford stitch -- with bradford fitch. later, the
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Dec 16, 2012
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three years ago, mckinsey showed by 2020, the u.s. could reduce non-transport energy consumption by 1/4. it would pay back more than $1 trillion in savings. the report found the nation could save money by cutting energy consumption by 30% and produce the same amount of goods and services. we have calculated hundreds of measures currently available could reduce energy consumption by 1/2 by 2013. the cost savings would be twice the dollar amount investment. these reports suggest to realize the potential, public policy is necessary. a leading example of success is the commercial building partnership sponsored by the department of energy. its partners with owners and operators on new buildings and retrofits resulting in compelling results. one project cut energy consumption by 35% at the target store. they are now busy replicating that enterprise-wide. at the support facility where i have my office, there is another example of how much can be accomplished when efficiency is a fundamental attribute of the building design. net 0the world's
three years ago, mckinsey showed by 2020, the u.s. could reduce non-transport energy consumption by 1/4. it would pay back more than $1 trillion in savings. the report found the nation could save money by cutting energy consumption by 30% and produce the same amount of goods and services. we have calculated hundreds of measures currently available could reduce energy consumption by 1/2 by 2013. the cost savings would be twice the dollar amount investment. these reports suggest to realize the...
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u.s. senate and helped and also hurt a number of republican candidates. who were they? >> reporter: that's right. great. let's start with the senators now. obviously, who he helped elect. this is the positive side of his millions and his work. marco rubio, pat toomey. very conservative, anti-tax, anti-government purists in the mold of jim demint. however, he also backed in republican primaries a number of republican candidates who simply were not electable according to the republican establishment and the establishment was right. for example, remember christine o'donnell, i'm not a witch, from delaware. ken buck of colorado. and others. so those are some of the reasons why he definitely has ruffled many a-feather with the party leaders and i have to tell you first thing i saw when the senate republican leader mitch mcconnell released a statement today was making the point that demint had, quote, uncompromising service. didn't have to read between the lines too much to see there's a backhan
u.s. senate and helped and also hurt a number of republican candidates. who were they? >> reporter: that's right. great. let's start with the senators now. obviously, who he helped elect. this is the positive side of his millions and his work. marco rubio, pat toomey. very conservative, anti-tax, anti-government purists in the mold of jim demint. however, he also backed in republican primaries a number of republican candidates who simply were not electable according to the republican...
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Dec 30, 2012
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now he is leaving it up to the two leaders in the u.s. senate try to reach a compromise. something perhaps along the line of what is being negotiated between the speaker and the president a couple of weeks ago. perhaps a tax increase for amounts of more than $400,000 or $500,000 per year. also, senate leaders want to includsomething on the este tax, according to a white house official. we'll can also be key to this is that the white house officials are also telling fox news and ed henry that it appears as though the debt ceiling is not part of that. this is a huge nonstarter for republicans in the house. they want any dollar and increase of the debt ceiling to also invol a dollar in cuts over 10 years. if they don't have those corresponding cuts, it is unlikely that many of them will vote for an increase in the debt ceilin removing them from the equation helps pave the way, at least for what will really be described as a stopgap proposal, one to avoid the full impact of the fiscal cliff. it will allow congress to again take another crack at finding some way to deal with s
now he is leaving it up to the two leaders in the u.s. senate try to reach a compromise. something perhaps along the line of what is being negotiated between the speaker and the president a couple of weeks ago. perhaps a tax increase for amounts of more than $400,000 or $500,000 per year. also, senate leaders want to includsomething on the este tax, according to a white house official. we'll can also be key to this is that the white house officials are also telling fox news and ed henry that it...
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Dec 31, 2012
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check u.s. futures as well as how trading taking place overseas. futures in the united states in positive territory. s&p as well as the dow could be down dramatically. let's day can a look at hong kong, the hang seng is actually down, here is what we'll know more of the outlook for the first quarter has for some time anticipated a significant slowdown in response to the fiscal drag and fiscal debate. we're not to alter the forecast. they sent a note to their clients. virtual standing by live on capitol hill to see if there is something coming out of washington, d.c. >> reporter: good evening. talks are continuing this evening between the vice president joe biden and mitch mcconnell. they were making some sense of progress there. this is after two stop soldiers, mitch mcconnell and harry reid failed to make much progress through tonight and this morning. harry reid went home earlier this yeeng and biden and mcconnell were taking point on the negotiations. they worked out a deal couple years ago for unemployment insurance that cut the social security
check u.s. futures as well as how trading taking place overseas. futures in the united states in positive territory. s&p as well as the dow could be down dramatically. let's day can a look at hong kong, the hang seng is actually down, here is what we'll know more of the outlook for the first quarter has for some time anticipated a significant slowdown in response to the fiscal drag and fiscal debate. we're not to alter the forecast. they sent a note to their clients. virtual standing by...
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Dec 31, 2012
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we will go up in u.s. stock market, but we will see even bigger percentage rises in both china and india. gerri: all right. when you look at this the thing folks are seeing a $600 billion hit to the economy. higher taxes, lower government spending. gerri: we are probably going to see amid cycle slowdown. importantly valuations are not that attractive. the bond market is really in a bowl. stocks are up 20-25% depending upon which markey looking at. we would say in 2013 whereas in 2012 the issue was still be -- guard against not being optimistic enough. we think in 20131 must guard against being too optimistic. gerri: oh boy. to you. has there been a little complacency in the market? will we have seen is the market's trading down on fiscal cliff talk that has been moving on that. you're bullish. where do you think the stocks will be rising on? we will be the news that will compel the stocks higher. >> love it is really the healing of the global economy. now that you are starting out of china and india stabil
we will go up in u.s. stock market, but we will see even bigger percentage rises in both china and india. gerri: all right. when you look at this the thing folks are seeing a $600 billion hit to the economy. higher taxes, lower government spending. gerri: we are probably going to see amid cycle slowdown. importantly valuations are not that attractive. the bond market is really in a bowl. stocks are up 20-25% depending upon which markey looking at. we would say in 2013 whereas in 2012 the issue...
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Dec 28, 2012
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shares of u.s. airways fell more than 2%. irthn rl iaispaline e ace, the federal communications commission says it has established rules that will make it easier for companies to offer internet service on board airplanes. but shares of the major airlines were all down. maectronic arinnepartp rshi gthn g inpartnership with gun manufacturers as the cpapany tries to distance itself from the real-world sale of assault weapons. shares fell slightly to just below $14. and in the oil markets, crude prices posted their largest he weekly gain since august. an industry report showed that u.s. stockpiles fell last week. a barrel of oil now sells for just under $91. and finally, wrapping up the mo aively traded e.t.f.s. the ipath s&p 500 v.i.x. saw a nice bounce of just over 5%. and that's tonight's "market focus."tr >> susie: our "market monitor" tonight says that going over the fiscal cliff doesn't mean stocks will go down. he's tom herzfeld, president of thomas herzfeld advisors. >> tom you saw today thereactioe worries of the fiscal
shares of u.s. airways fell more than 2%. irthn rl iaispaline e ace, the federal communications commission says it has established rules that will make it easier for companies to offer internet service on board airplanes. but shares of the major airlines were all down. maectronic arinnepartp rshi gthn g inpartnership with gun manufacturers as the cpapany tries to distance itself from the real-world sale of assault weapons. shares fell slightly to just below $14. and in the oil markets, crude...
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Dec 29, 2012
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shares of u.s. airways fell more than 2%. also in the airline space, the federal communications commission says it has established rules that will make it easier for companies to offer internet service on board airplanes. but shares of the major airlines were all down. electronic arts is ending its marketing partnership with gun manufacturers as the company tries to distance itself from the real-world sale of assault weapons. shares fell slightly to just below $14. and in the oil markets, crude prices posted their largest weekly gain since august. an industry report showed that u.s. stockpiles fell last week. a barrel of oil now sells for just uer $91 and finally, wrapping up the most actively traded e.t.f.s. the ipath s&p 500 v.i.x. saw a nice bounce of just over 5%. and that's tonight's "market focus." >> susie: our "market monitor" tonight says that going over the fiscal cliff doesn't mean stocks will go down. he's tom herzfeld, president of thomas herzfeld advisors. >> tom you saw today thereactioe worries of the fiscal c
shares of u.s. airways fell more than 2%. also in the airline space, the federal communications commission says it has established rules that will make it easier for companies to offer internet service on board airplanes. but shares of the major airlines were all down. electronic arts is ending its marketing partnership with gun manufacturers as the company tries to distance itself from the real-world sale of assault weapons. shares fell slightly to just below $14. and in the oil markets, crude...
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Dec 29, 2012
12/12
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shares of u.s. airways fell more than 2%. also in the airline space, the federal communications commission says it has established rules that will make it easier for companies to offer internet service on board airplanes. but shares of the major airlines were all down. electronic arts is ending its marketing partnership with gun manufacturers as the company tries to distance itself from the real-world sale of assault weapons. shares fell slightly to just below $14. and in the oil markets, crude prices posted their largest weekly gain since august. an industry report showed that u.s. stockpiles fell last week. a barrel of oil now sells for just under $91. and finally, wrapping up the most actively traded e.t.f.s. the ipath s&p 500 v.i.x. saw a nice bounce of just over 5%. and that's tonight's "market focus." >> susie: our "market monitor" tonight says that going over the fiscal cliff doesn't mean stocks will go down. he's tom herzfeld, president of thomas herzfeld advisors. >> tom you saw today thereaction in the markets on th
shares of u.s. airways fell more than 2%. also in the airline space, the federal communications commission says it has established rules that will make it easier for companies to offer internet service on board airplanes. but shares of the major airlines were all down. electronic arts is ending its marketing partnership with gun manufacturers as the company tries to distance itself from the real-world sale of assault weapons. shares fell slightly to just below $14. and in the oil markets, crude...
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Dec 29, 2012
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shares of u.s. airways fell more than 2%. also in the airline space, the federal communications commission says it has established rules that will make it easier for companies to offer internet service on board airplanes. but shares of the major airlines were all down. electronic arts is ending its marketing partnership with gun manufacturers as the company tries to distance itself from the real-world sale of assault weapons. shares fell slightly to just below $14. and in the oil markets, crude prices posted their largest weekly gain since august. an industry report showed that u.s. stockpiles fell last week. a barrel of oil now sells for just under $91. and finally, wrapping up the most actively traded e.t.f.s. the ipath s&p 500 v.i.x. saw a nice bounce of just over 5%. and that's tonight's "market focus." >> susie: our "market monitor" tonight says that going over the fiscal cliff doesn't mean stocks will go down. he's tom herzfeld, president of thomas herzfeld advisors. >> tom you saw today thereactioe worries of the fisca
shares of u.s. airways fell more than 2%. also in the airline space, the federal communications commission says it has established rules that will make it easier for companies to offer internet service on board airplanes. but shares of the major airlines were all down. electronic arts is ending its marketing partnership with gun manufacturers as the company tries to distance itself from the real-world sale of assault weapons. shares fell slightly to just below $14. and in the oil markets, crude...
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Dec 24, 2012
12/12
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at the u.s. government is an insurance company with an army. when we talk about the insurance company part, we are talking about medicare and social security, and to some degree medicaid. those are programs that benefit the middle class and the poor, mainly through retirement. the other thing that people talk about, those are very small parts in the federal budget compared to medicare and social security. really, is not a question of needing to cut these programs. it is that they are growing more quickly than the economy, larger than they have been in the past, and what we need to decide as a nation is, are willing to pay substantially higher taxes than we have in the past to pay for these programs? if we want to keep our current tax burdens, we need to figure out how to reduce those programs. medicare -- we are not talking about reducing benefits over the long term. we have a health care system over all that grows more quickly than the economy. economists do not have one reason why that happens. they are looking for all the reasons why that ha
at the u.s. government is an insurance company with an army. when we talk about the insurance company part, we are talking about medicare and social security, and to some degree medicaid. those are programs that benefit the middle class and the poor, mainly through retirement. the other thing that people talk about, those are very small parts in the federal budget compared to medicare and social security. really, is not a question of needing to cut these programs. it is that they are growing...
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some u.s. senators say now is the time for russia to act. >> this is an opportunity for russia to show the international community at large that you can be a constructive force at a time of great need. and you have a unique capability as a nation to do some good. >> reporter: for the u.s., the insurgents gains are a double-edged sword. some of the most ruthlessly affected fighters also are the most radicalized. washington is moving to declare one of those groups a terrorist organization. but the obama administration worries that the stronger radical fighters become the more armed combat, not political efforts to find a solution will decide the outcome in syria. early next week secretary clinton travels to morocco for a meeting of the so-called friends of syria group. the focus will be on the opposition with the obama administration taking the first steps towards officially recognizing them. jill dougherty, cnn, dublin. >>> we're just a few minutes away from speaking with senator jim demint of s
some u.s. senators say now is the time for russia to act. >> this is an opportunity for russia to show the international community at large that you can be a constructive force at a time of great need. and you have a unique capability as a nation to do some good. >> reporter: for the u.s., the insurgents gains are a double-edged sword. some of the most ruthlessly affected fighters also are the most radicalized. washington is moving to declare one of those groups a terrorist...
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Dec 31, 2012
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british is a u.s. business. the activity that happens in the u.k. even if you have to describe it as sales activity which is not exactly what the people do, we can still go and get that activity from the open market at the kind of cost that we're paying the u.k. >> fallout from all of that led to starbucks saying it would pay $20 million pounds. it attributed to margaret hodges given the parliamentarian of the year award. now off to the house of lords where the government suffered a series of defeats in secret court hearings in civil cases. the government wanted the government to hear the evidence in what are closed closed material proceedings, which include the public, the media and even the american who brought the case. the intelligent services could be compromised. at the moment the government finds itself unable to defend some compensation claims for fear of blowing the government of secret agents or government sources. >> what i am worried about is that we're giving them the victory and actually legislating to underpin that victory. >> it's de
british is a u.s. business. the activity that happens in the u.k. even if you have to describe it as sales activity which is not exactly what the people do, we can still go and get that activity from the open market at the kind of cost that we're paying the u.k. >> fallout from all of that led to starbucks saying it would pay $20 million pounds. it attributed to margaret hodges given the parliamentarian of the year award. now off to the house of lords where the government suffered a...
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Dec 31, 2012
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it, though they're not going to be able to pass something to reform, for example, the cash-strapped u.s. postal service, our understanding is they got 90% to 95% of a deal. it came down to worker compensation claims. that's a big philosophical difference. but otherwise there was a plan. reauthorizing the violence against women act, there's another one. obviously everyone wants to reauthorize it. they understand those protections are needed. because democrats were pushing to expand some of the proteks to homosexual couples, there's been hold up there again. almost a deal just not enough time and frankly with this environment not enough goodwill necessarily to get this deal done. there were things in the works. there was a lot of hope that some of these things would get done if fiscal cliff could be put off the table. it's not going to happen. >> when you talk about not enough goodwill, that's true when the cameras are on. when the cameras are off a lot of these people like each other, they're collegial, they're very much a family, at least in the senate, probably in the house, too. there
it, though they're not going to be able to pass something to reform, for example, the cash-strapped u.s. postal service, our understanding is they got 90% to 95% of a deal. it came down to worker compensation claims. that's a big philosophical difference. but otherwise there was a plan. reauthorizing the violence against women act, there's another one. obviously everyone wants to reauthorize it. they understand those protections are needed. because democrats were pushing to expand some of the...
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Dec 30, 2012
12/12
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then there are restrictions on u.s. exporters, lower tariffs in good deal for them. awaiting the attention of lawmakers and again, they are not even paying any attention. and today, they are threatening to do something with the hurricane sandy relief bill. the hurry up and get it done attitude of small-business owners. a 9foot wave of flood water hit her store. she has picked up the pieces and opened her doors for business. despite losing all her equipment and furnishings, her insurance denied her claim a she got no lp from the government. take a look at ths. they got her back in the business. it pretty awesome, right? the party of procrastination can take a lesson from the small-business oer in staten island, w york. congress has nothing to show for itself after two years. coming up next, how the massive gains in the fiscal cliff could impact your 401k and the economy. stay with us gerri: you make it, they take it. 23.8% is the raise that policymakers will see on capital gains. chris edwards joins me now. he is director for tax policy studies at the cato institute.
then there are restrictions on u.s. exporters, lower tariffs in good deal for them. awaiting the attention of lawmakers and again, they are not even paying any attention. and today, they are threatening to do something with the hurricane sandy relief bill. the hurry up and get it done attitude of small-business owners. a 9foot wave of flood water hit her store. she has picked up the pieces and opened her doors for business. despite losing all her equipment and furnishings, her insurance denied...
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Dec 7, 2012
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the u.s. does not have that problem. the best and brightest still want to come work on the space program, either for nasa or other companies. other countries have a more serious problem. i've seen in russia, for example, they can't get people to come work in the space program. so in terms of where we're heading, compared to other countries, we need to stay on a direction and need to have resolve to keep political support behind it and remind the public once in a while that we are moving towards new goals, as you see with the pictures that you showed. >> yeah, those pictures are pretty awesome. james oberg, always great to see you. have a great weekend. >> thanks, chris. >>> that wraps up this hour of "jansing & co." thomas roberts is up next. when c to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! in that time there've been some good days. and
the u.s. does not have that problem. the best and brightest still want to come work on the space program, either for nasa or other companies. other countries have a more serious problem. i've seen in russia, for example, they can't get people to come work in the space program. so in terms of where we're heading, compared to other countries, we need to stay on a direction and need to have resolve to keep political support behind it and remind the public once in a while that we are moving towards...
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Dec 29, 2012
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that is what they're doing in japan in the u.s. that is what is using the market . tom: you are kind of a macro guy. you looked at the broad market place. i have to ask you. is the marketplace bigger than washington to act even though they are dunderheads down their running the place, and i know they make a lot of policy. and we, the media, give them a lot of attention. doesn't the market cycle override what they can do? >> this is a global collapse. pick up today's wall street journal. read what's going on in amsterdam with prime property being vacant. look at what is going on in spain. millions of people taking to the streets. they still call it a recession with 25 percent unemployment in spain, greece. things are getting worse everywhere. the austerity measures, what austerity measures? i got one. make a story. i'll make a bad bet. i don't want to take my losses. of take the money from you, mr. citizen. of tax you more, cat your services. what you do did you will pay more for my note that your pension and benefits. tom: how does all this in? we wind up with pitch
that is what they're doing in japan in the u.s. that is what is using the market . tom: you are kind of a macro guy. you looked at the broad market place. i have to ask you. is the marketplace bigger than washington to act even though they are dunderheads down their running the place, and i know they make a lot of policy. and we, the media, give them a lot of attention. doesn't the market cycle override what they can do? >> this is a global collapse. pick up today's wall street journal....
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Dec 31, 2012
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if i'm a u.s. citizen and say i invest in another country, when i sell that investment do i pay the capital gain to that country or do i pay it in the united states since i'm a citizen of the u.s.? >> pay both but then you get what is called a foreign tax credit for your foreign taxes paid. basically the u.s. treasury taxes you on "your world"wide income. however, it does ccedit you for some of the foreign taxes you've paid. adam: would the credit, would the credit, wouldn't that minimize the impact of the increase here in the united states? or is it the other direction and forces investors to seek invests overseas as opposed to here where they pay the higher capital-gains tax rate? >> what is important here we want foreign investors to come to the united states and invest in our growth companies and our high-tech companies. if we have a high capital-gains tax rate it will hit those foreign investors. so we want, investment money flowing into the united states. if we have high tax rates we'll be sc
if i'm a u.s. citizen and say i invest in another country, when i sell that investment do i pay the capital gain to that country or do i pay it in the united states since i'm a citizen of the u.s.? >> pay both but then you get what is called a foreign tax credit for your foreign taxes paid. basically the u.s. treasury taxes you on "your world"wide income. however, it does ccedit you for some of the foreign taxes you've paid. adam: would the credit, would the credit, wouldn't...
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Dec 29, 2012
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the u.s. re-examined its role abroad and a second term president claimed it. we look ahead to what happens next with michael duffy of "time" magazine. john harwood of cnbc and the "new york times." doyle mcmanus of the "los angeles times" and karen tumulty of "the washington post." >> covering history as it happens. live from our nation's capital. this is "washington week" with gwen ifill, produced in association with national journal. corporate fuppeding for "washington week" is provided by -- -- corporate funding for "washington week" is provided by -- >> wherever our trains go, the economy comes to life. norfolk southern, one line, infinite possibilities. >> we know why we're here, to chart a greern path in the air and in our factories. >> to find cleaner, more efficient ways to power flight. >> and harn es -- harness our technology for new energy solutions. >> the people of boeing are looking to tomorrow to build a better tomorrow. >> that's why we're here. >> additional corporate funding is provided by -- prudential financial. additional funding is provid
the u.s. re-examined its role abroad and a second term president claimed it. we look ahead to what happens next with michael duffy of "time" magazine. john harwood of cnbc and the "new york times." doyle mcmanus of the "los angeles times" and karen tumulty of "the washington post." >> covering history as it happens. live from our nation's capital. this is "washington week" with gwen ifill, produced in association with national journal....
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Dec 11, 2012
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renewables in the system, and it will put us on the trajectory towards much more clean energy in the u.s. >> eliot: take from this an enormous range of options for the president. i want to touch on one or two other areas in a moment, but the media focuses so much on congress and the dynamics between the president and congress. the public seems to think that's all that goes on. as you said at the top of the segment, the power of the presidency is so much more expansive than what people see if you merely watch capitol hill. >> i think i was somewhat critical of the white house structure in the first term because i think that they really told the story and defined the presidency almost like the president was the prime minister, that his relationship with the american public was completely set through the lens of dealing with the congress. i think there is so much more to the presidency. take healthcare. you know, he put so much energy into passing the affordable care act, but now the real work gets done. putting in place the state exchanges, the federal exchange, moving the delivery system
renewables in the system, and it will put us on the trajectory towards much more clean energy in the u.s. >> eliot: take from this an enormous range of options for the president. i want to touch on one or two other areas in a moment, but the media focuses so much on congress and the dynamics between the president and congress. the public seems to think that's all that goes on. as you said at the top of the segment, the power of the presidency is so much more expansive than what people see...
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the u.s. lost its aaa crediting rating. i've warned you over and over about the economic storm headed our way partly because of europe and this fiscal lif, but i've also told you about an american economic renaissance that could be just ahead. just beyond the storm clouds. the fiscal cliff is fixable, but every day washington fails to make a deal, more damage is being doing. john king, ken rogoff and diane swan, chief economist at mezaro financial. john, right now, this is more politics than the economy. some people are saying don't sweat it. the threat of going over the fiscal cliff is overblown. it will get done. an 11th hour deal. john, as you read the politics at play, what do you see? >> i see both sides digging in. you've just played the president saying i want that rate hike. the republicans are saying mr. president, we'll give you the revenues, but not through a rate hike, but the president believes he won the election and he's upped the ante. says he wants twice as much in tax revenue
the u.s. lost its aaa crediting rating. i've warned you over and over about the economic storm headed our way partly because of europe and this fiscal lif, but i've also told you about an american economic renaissance that could be just ahead. just beyond the storm clouds. the fiscal cliff is fixable, but every day washington fails to make a deal, more damage is being doing. john king, ken rogoff and diane swan, chief economist at mezaro financial. john, right now, this is more politics than...
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Dec 31, 2012
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the u.s. snalt gets back to work right about now. the house has been in session for about an hour now. senate leaders are the ones trying to hammer out a deal picking tax break ceilings, trying to lessen the impact of spending cuts. there are still major obstacles to pass. but this morning we're hearing that progress is being made. we'll have more on that and the fiscal cliff negotiations in a minute. >>> first, i want to show you the rest of the world is ringing in the new year. midnight arrived in asia. they are calling it a pyre tech nick musical. they were scheduled to begin an hour before midnight. hong kong on the top ten places to ring in the new year. let's listen. ♪ ♪ ♪ ♪ >>> ring in the new year, good morning 2013. we'll continue to monitor all of these celebrations as the day rolls on. the night rolls on in some cases. midnight in the u.s. is the big fiscal cliff deadline. there are two fronts we are watching today. capitol hill and wall street. let's see if there's any movement on capitol hill. stock markets movin
the u.s. snalt gets back to work right about now. the house has been in session for about an hour now. senate leaders are the ones trying to hammer out a deal picking tax break ceilings, trying to lessen the impact of spending cuts. there are still major obstacles to pass. but this morning we're hearing that progress is being made. we'll have more on that and the fiscal cliff negotiations in a minute. >>> first, i want to show you the rest of the world is ringing in the new year....
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Dec 31, 2012
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the u.s. personnel we have thousands of people serving overseas. you have this incredibly damming report and internal report not even outside analysis. the president is saying sloppiness is what his quote was to us today. that's just inexcusable. >> well, i am sure that the families of those who were killed would agree with you. congressman jason chaffetz thank you for being with us this evening. >> thank you, judge. >>> coming up more on the so-called resignation of four from the state department with former state department insider. and later, russian president vladimir putin makes it illegal, that's what i said, illegal for americans to adopt russian orphans. this was the hole my waist was on. but since i've been on alli, am i on this one? nope. am i on this one? no, no, no, no, no. i am on this one. [ male announcer ] for every 2 pounds you lose through diet and exercise alli can help you lose one more by blocking some of the fat you eat. simple. effective. belt-friendly. let's fight fat w
the u.s. personnel we have thousands of people serving overseas. you have this incredibly damming report and internal report not even outside analysis. the president is saying sloppiness is what his quote was to us today. that's just inexcusable. >> well, i am sure that the families of those who were killed would agree with you. congressman jason chaffetz thank you for being with us this evening. >> thank you, judge. >>> coming up more on the so-called resignation of four...
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Dec 31, 2012
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the impact will be felt in just about every aspect of the u.s. economy, especially u.s. manufacturing. let's bring it n president of power systems. also david watham. they make a wide range of manufacturing product from packaging to containers. both of you, great to have you with us today. david, to you first of all. i don't know if you've been listening to the tv or radio or hearing about the headlines or the contours of the deal arising right now. what does it mean for your business? >> first off, i'm optimistic because it is a step in the right direction. all it is, is a step. big stuff to work on. >> that said and i talk a lot to counter parts, we are all operating in this mode we are in flat economies and a few bright spots around and you jump on those and anything with the solution, is pretty short term and there is a lot bigger stuff to do before we can grow the u.s. i'm a big optimist on the u.s. but we have work to do. >> david, in the lead up to this fiscal cliff deadline, a lot of ceos we have spoken to have said, just the uncertainty that the tax rates will b
the impact will be felt in just about every aspect of the u.s. economy, especially u.s. manufacturing. let's bring it n president of power systems. also david watham. they make a wide range of manufacturing product from packaging to containers. both of you, great to have you with us today. david, to you first of all. i don't know if you've been listening to the tv or radio or hearing about the headlines or the contours of the deal arising right now. what does it mean for your business? >>...
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Dec 24, 2012
12/12
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while the death remains under formal investigation, that u.s. military official who's directly familiar with the event said the family has been notified of the death, and has also been notified it is being investigated as an apparent suicide. there is no indication at this time that commander price was involved in any military-related investigations or any controversies the officials said. all indications are, when he did not appear at an expected time, other military personnel went to look for him and discovered his body with an apparent gunshot wound. don? >> barbara, thank you. >>> the president wants a group, headed by the vice president, to bring him recommendations on what to do about gun violence. but what will congress do with any idea they might come up with? that's next. not today. [ male announcer ] bob has afib: atrial fibrillation not caused by a heart valve problem, a condition that puts him at greater risk for a stroke. [ gps ] turn left. i don't think so. [ male announcer ] for years, bob took warfarin, and made a monthly trip to
while the death remains under formal investigation, that u.s. military official who's directly familiar with the event said the family has been notified of the death, and has also been notified it is being investigated as an apparent suicide. there is no indication at this time that commander price was involved in any military-related investigations or any controversies the officials said. all indications are, when he did not appear at an expected time, other military personnel went to look for...
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Dec 31, 2012
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the u.s. personnel we have thousands of people serving overseas. you have this incredibly damming report and internal report not even outside analysis. the president is saying sloppiness is what his quote was to us today. that's just inexcusable. >> well, i am sure that the families of those who were killed would agree with you. congressman jason chaffetz thank you for being with us this evening. >> thank you, judge. >>> coming up more on the so-called resignation of four from the state department with former state department insider. and later, russian president vladimir putin makes it illegal, that's what i said, illegal for americans to adopt russian orphans. >> four individuals in the state department high level were going to lose their jobs if the secretary had accepted a resignation of eric boswell for example one of the heads of the security when the truth is he resigned in that position but he has his portfolio includes other positions within the state department. he hasn't been punish
the u.s. personnel we have thousands of people serving overseas. you have this incredibly damming report and internal report not even outside analysis. the president is saying sloppiness is what his quote was to us today. that's just inexcusable. >> well, i am sure that the families of those who were killed would agree with you. congressman jason chaffetz thank you for being with us this evening. >> thank you, judge. >>> coming up more on the so-called resignation of four...
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Dec 29, 2012
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if you look at the u.s. deficit is about $4 trillion a year. these tax increases cover about 400 billion. that's 9 or 10%. that's. it the rest of this battle is over entitlements. i mean the democrats could solve this whole thing simply by agreeing to a minor increase, just a two year increase. >> the president did put that on the table and the republicans reject that. the real issue here is there going to be a self-inflicted wound to the economy? the uncertainty here. either way taxes on the wealthy are going up. they'll go up under a deal approved in the last hours which may or may not happen or if it doesn't, there's no deal, then we go over the so-called cliff and the tax goes up there. so either way taxes are going up. >> if the president wanted a deal on entitlements, all he has to do is raise the age from social security to 65 to 67, maybe 68. that solves the entire problem. the president won't deal on that. >> it's a separate issue with its own trust fund. that could be solved fairly easy. you're right about that. it's medicare that's t
if you look at the u.s. deficit is about $4 trillion a year. these tax increases cover about 400 billion. that's 9 or 10%. that's. it the rest of this battle is over entitlements. i mean the democrats could solve this whole thing simply by agreeing to a minor increase, just a two year increase. >> the president did put that on the table and the republicans reject that. the real issue here is there going to be a self-inflicted wound to the economy? the uncertainty here. either way taxes on...
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Dec 31, 2012
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we've seen a marked retreat from u.s.-based investments after u.s. centric holdings, the s&p 500 showing strong leadership in the first ten months of the year. what we've reason seen is now foreign markets picking up the slack. so i would say when we look into 2013, the opportunities most likely exist outside the united states, not in the u.s. >> outside of the united states is a large geographic area. can you narrow it down for us? like asia, europe, emerging frontier, what is it? >> of course, mandy. and that's part of the asset selection you have to do. for us one of the best areas we've seen has been in emerging market debt. it started out many years ago with the bricks and recently we've moved in the last five or six years to the n-11. by looking at those markets where we can have sovereign debt and corporate debt and relying on a good fund like the fidelity emerger. >> peter, i'm interested in what is going to be the key driver of the markets overall. i'm kind of sick of politics being the driver. right? because it means we're not driven by fun
we've seen a marked retreat from u.s.-based investments after u.s. centric holdings, the s&p 500 showing strong leadership in the first ten months of the year. what we've reason seen is now foreign markets picking up the slack. so i would say when we look into 2013, the opportunities most likely exist outside the united states, not in the u.s. >> outside of the united states is a large geographic area. can you narrow it down for us? like asia, europe, emerging frontier, what is it?...
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Dec 29, 2012
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with the u.s. closer to diving off the cliff than ever, monday is shaping up to be a pivotal day for the markets. should you, should an investor look for their emergency parachute, or should you stic this thing out? joining us right now, jonathan hoenig, portfolio manager at capitalist pig.com. spencer patton, chief investment officer at steel vine investments. jonathan, i have no choice but to stick it out. i'm a poor slob with a 401(k). so what do i do? i stick it out, right? >> well, what the president is putting you through, adam, what harry reid is putting you through, harry reid thinks the next 20 four hours are important? you're supposed to as investor be thinking long term. to leave this down to the last minute like this is cruel and is a distic to investors. one of the reasons you saw the tremendous drop today. you mentioned monday night being volatile. that is holiday day. it is thinly traded. with the fiscal cliff literally occurring you can bet it will be extremely volatile sunday and m
with the u.s. closer to diving off the cliff than ever, monday is shaping up to be a pivotal day for the markets. should you, should an investor look for their emergency parachute, or should you stic this thing out? joining us right now, jonathan hoenig, portfolio manager at capitalist pig.com. spencer patton, chief investment officer at steel vine investments. jonathan, i have no choice but to stick it out. i'm a poor slob with a 401(k). so what do i do? i stick it out, right? >> well,...
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Dec 1, 2012
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because in the u.s. our educational rates are at such a level where folks are not go tock filling those jobs. so we need folks to fill all sorts of jobs and it should not be mutually exclusive. >> victoria fran chess co-soto, thank you for joining me on this friday night. >> good evening . >> the best idea politics has come up with in a long, long come up with in a long, long time. so we celebrate our year-end with the "share the love" event. get a great deal on a new subaru and 250 dollars goes to your choice of five charities. by the end of this, our fifth year, our total can reach almost 25 million dollars. it's a nice reflection on us all. now through january 2nd. part of a whole new line of tablets from dell. it's changing the conversation. ♪ >>> at the beginning of tonight's show we went through the white house's opening bid on the debt ceiling. you remember? $1.6 trillion in tax increases. 600 billion in spending cuts. 200 billion in new stimulus. and a very clear message to the republicans. if
because in the u.s. our educational rates are at such a level where folks are not go tock filling those jobs. so we need folks to fill all sorts of jobs and it should not be mutually exclusive. >> victoria fran chess co-soto, thank you for joining me on this friday night. >> good evening . >> the best idea politics has come up with in a long, long come up with in a long, long time. so we celebrate our year-end with the "share the love" event. get a great deal on a...
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Dec 27, 2012
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she's been incredibly deft at are he positioning the u.s. in a mul multipolar world where we have relatively less economic power. she's managed through digital state craft, through smafert uses of technology to project a soft power and it's been a great credit to our country and i think it's going to be a real tough thing to put in a bad light. >> you know, and, steve, i don't know about your politics on this, i think i'm a little to her left on a lot of thers foreign policy issues like iraq and the middle east. she's positioned herself just where you want to be, a notch or two to the right of obama on foreign policy, vis-a-vis netanyahu. she never took back her support for the iraq war. it seems to me she's notched pretty close to the model there politically, a good place to run against any republican. >> let's see about that because by that teary if you go all the way back to when the kts first made it to the national stage, bill clinton should have been the favorite of the republicans at the brought the democratic party away from the left
she's been incredibly deft at are he positioning the u.s. in a mul multipolar world where we have relatively less economic power. she's managed through digital state craft, through smafert uses of technology to project a soft power and it's been a great credit to our country and i think it's going to be a real tough thing to put in a bad light. >> you know, and, steve, i don't know about your politics on this, i think i'm a little to her left on a lot of thers foreign policy issues like...
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>> i volunteered to go to vietnam, it was an advisory effort, it was not leading u.s. combat troops. a lot of people told me i was crazy. what are you doing this for? there is no career enhancement for you going over there and advising them and that sort of thing. i told them they don't understand. it is a sense of duty. i'm an instrument of war. i was not articulating my possession well. -- my position very well. then i saw "ben franklin in paris" and this wonderful last scene where ben franklin stands up about how will i find those americans then. will they love liberty given it to their crib for nothing. if you are not free you are lost without hope. and are they willing to die for it? that is one question that you have to ask, are you willing to die for it and the answer must be, yes, sir, i would. that is why i was going to vietnam. i have never forgotten those words. >> there's another point where you talk about the civilians in washington seeing too many rambo movies. >> there was an element pressuring, i felt, for us to take action when we were not prepared to
>> i volunteered to go to vietnam, it was an advisory effort, it was not leading u.s. combat troops. a lot of people told me i was crazy. what are you doing this for? there is no career enhancement for you going over there and advising them and that sort of thing. i told them they don't understand. it is a sense of duty. i'm an instrument of war. i was not articulating my possession well. -- my position very well. then i saw "ben franklin in paris" and this wonderful last scene...
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-- damage the u.s. economy? since i've lost weight i have so much more energy than i used to, when i'm out with my kids, my daughter's like, "mom, wait up!" and i'm thinking, "shouldn't you have more energy than me? you're, like, eight!" [ male announcer ] for every 2 pounds you lose through diet and exercise alli can help you lose one more by blocking some of the fat you eat. simple. effective. advantage: mom. let's fight fat with alli. learn more, lose more at letsfightfat.com. they don't help single moms. hi! hi! [ sarah ] what happened to our house last year? [ daughters ] it flooded and the water flooded out. yeah. [ sarah ] the red cross arranged the hotel for us. they gave me that break, that leverage, to be able to get it together and take care of them. you know? i feel like we've come full circle. [ daughter 1 ] like that! [ daughter 2 ] this is how i'll do it. [ sarah ] there you go. >> bret: peter lanza the father of newtown shooter adam lanza claimed his son's body. no word when they were claimed or
-- damage the u.s. economy? since i've lost weight i have so much more energy than i used to, when i'm out with my kids, my daughter's like, "mom, wait up!" and i'm thinking, "shouldn't you have more energy than me? you're, like, eight!" [ male announcer ] for every 2 pounds you lose through diet and exercise alli can help you lose one more by blocking some of the fat you eat. simple. effective. advantage: mom. let's fight fat with alli. learn more, lose more at...
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Dec 31, 2012
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WBAL
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the u.s. government is pulling the plug. 75-watt bulbs can no longer be produced or imported. retailers can still clear remaining stock. there is a reason and flipping the switch. >> 90% of the energy is wasted. what they've replaced them with a much more energy efficient bulbs that are just as good and will save you money over the long run. >> most bulbs must use 27% energy by 2014. here are two replacements. >> they do not get bright instantly. >> and led's. >> they use about 75% less energy and produce as much light. >> they are expensive but prices are dropping. the future is dim for incandescent bulbs. the government will turn out the lights for those in 2014. kurt gregory, wbal-tv 11 news. >> a close look at the job market in 2013. jane king has the bloomberg business report. >> good morning. are you thinking about getting a new job fast? 1 in 5 plans to start looking in the next three months. fewer than half expect a pay raise next year. next may be the iwatch. apple is working with intel on a bluetooth watch expected to come out this summer. it will send and receive e-
the u.s. government is pulling the plug. 75-watt bulbs can no longer be produced or imported. retailers can still clear remaining stock. there is a reason and flipping the switch. >> 90% of the energy is wasted. what they've replaced them with a much more energy efficient bulbs that are just as good and will save you money over the long run. >> most bulbs must use 27% energy by 2014. here are two replacements. >> they do not get bright instantly. >> and led's. >>...
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Dec 28, 2012
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i have decided to run for the u.s. senate because this fight is too important. there is so much at stake. his announcement came days, as others announced they will not run for the seat. the election will take place some time in june. massachusetts government will appoint a place holder as john kerry is sworn in. 52% of voters have a favorable view of congressman ed marky. a third polled said they had never heard of him. in a pipethet kahypothetical election, joining me now rk, gentleman, i'm going to kill the suspension right now. with that poll, showing 48% would say today that they would vote for scott brown and 40% saying they would vote for ed marky, i'm declaring him for the winner to be. those numbers compared to the numbers you saw, hillary clinton way ahead of barack obama and that gap was closed. i think it is going to be closeable by ed marky. he has three million raised and ready to spend. >> yes, that gives him the opportunity to get his message out. and even though he has been in congress for 36 years, for 36 years, he has run from one little distri
i have decided to run for the u.s. senate because this fight is too important. there is so much at stake. his announcement came days, as others announced they will not run for the seat. the election will take place some time in june. massachusetts government will appoint a place holder as john kerry is sworn in. 52% of voters have a favorable view of congressman ed marky. a third polled said they had never heard of him. in a pipethet kahypothetical election, joining me now rk, gentleman, i'm...
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Dec 1, 2012
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get a green card and come to the u.s. of a. >> don't get too excited. the stem jobs act would give visas to 55,000 immigrant who have advanced degrees in science, technology, engineering or math, stem. the problem with the bill, only 27 democrats supported, is that it would eliminate 55,000 visas from the diversity visa program. the diversity visa program is a lottery system to provide immigrants from areas with low immigration rates with the clans it come to america. democratic congresswoman of california represents silicon valley. they are the prime beneficiary, arguably, of more high skilled immigration. she is not a fan of this bill. she said this give and take approach of immigration is like a grover norquist style pledge. signing with anti-immigrant groups to never create a green card immigrant without taking one away from someone else. it isn't likely to pass in the senate since charles schumer and chris coons added a stem bill without the visa program. the obama administration said it would not support the house bill. but one change can do it. w
get a green card and come to the u.s. of a. >> don't get too excited. the stem jobs act would give visas to 55,000 immigrant who have advanced degrees in science, technology, engineering or math, stem. the problem with the bill, only 27 democrats supported, is that it would eliminate 55,000 visas from the diversity visa program. the diversity visa program is a lottery system to provide immigrants from areas with low immigration rates with the clans it come to america. democratic...
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Dec 8, 2012
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today the elderly make up 13% of the u.s. population. by 2050, they are expected to be 20%. 20%. that means you'll need to spend a lot more on social security and medicare. meanwhile the development of new miracle treatments we hope will keep happening and that will push the cost even higher. the future turns out to be expensive. that's simply the reality of it. and opposing tax increases doesn't change that reality. there's nothing in grover norquist's pledge that stops the aging process. if there was, i would take it. so there's no way the tax receipts of the 1960s will support the demographics of america in the 2020s or the 2030s. anyone who says otherwise is not taking the reality seriously. joining us is a man who always takes reality seriously. chris hayes. >> religiously. >> religiously. so one thing i always think is true in our political discussions is we don't like to face up to big changes. we like to use them as evidence for why whatever policies we support need to happen. but particularly the aging of this society, i don't think we've come anywhere close to thinking
today the elderly make up 13% of the u.s. population. by 2050, they are expected to be 20%. 20%. that means you'll need to spend a lot more on social security and medicare. meanwhile the development of new miracle treatments we hope will keep happening and that will push the cost even higher. the future turns out to be expensive. that's simply the reality of it. and opposing tax increases doesn't change that reality. there's nothing in grover norquist's pledge that stops the aging process. if...
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Dec 21, 2012
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right now today in the u.s. department of education, average salary across the board in the federal department of education, the average salary is $102,000 a year. isaverage teacher's salary $42,000 the year, less than half of what federal bureaucrats are making. most of them have never talked a child to read. we need to leave those dollars in the hands of the states and the people and let the teachers be able to teach. i have been very critical of president bush with notes have left behind -- no child left behind. i hear teachers all over the country i have talked to and they all agree with me we need to get rid of no child left behind. we need to leave those dollars in the hands of the states and the people, and that is one area of spending where we could do so. students would be in a whole lot better situation. the education level is dropping because we are paying an average. crack in the department of education $102,000 a year. we need to leave those dollars to the states so we can pay the teachers and educa
right now today in the u.s. department of education, average salary across the board in the federal department of education, the average salary is $102,000 a year. isaverage teacher's salary $42,000 the year, less than half of what federal bureaucrats are making. most of them have never talked a child to read. we need to leave those dollars in the hands of the states and the people and let the teachers be able to teach. i have been very critical of president bush with notes have left behind --...
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Dec 28, 2012
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ashley: closing bell ringing in 50 minutes, if the u.s. is over the fc, the fiscal cliff, what do you do with your money other than put it under the matress, suck your thumb, and curl up in the fetal position? one telling clients to stay in equities in the u.s. and overseas. find out where she put money to work and how to keep your cliff protected. how many times can i say ""liff"? that's all next in a fox business exclusive. ♪ [ malennouncer it's tt time of year again. time for citi price rewind. ecause your daughter really wants that pink castle thi. and youealldon't want to pay morehan you have to. only citi price rewind automatically searches for the lowest price. and it findone, you get rended the diffence. just use your citi card and register your purchase online. have a super spary day! ok. [ male announcer ] now all youeed is a magicarriage. citi price rewind. start saving at citi.com/pricerewind. ashley: barnes & noble spreading holiday cheer to investors. they could use it. the stock is jumping up 5%, making it our power mover
ashley: closing bell ringing in 50 minutes, if the u.s. is over the fc, the fiscal cliff, what do you do with your money other than put it under the matress, suck your thumb, and curl up in the fetal position? one telling clients to stay in equities in the u.s. and overseas. find out where she put money to work and how to keep your cliff protected. how many times can i say ""liff"? that's all next in a fox business exclusive. ♪ [ malennouncer it's tt time of year again. time...